Principal Financial Group Inc. Grows Stock Holdings in The New York Times Company $NYT

Principal Financial Group Inc. increased its position in shares of The New York Times Company (NYSE:NYT) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,566 shares of the company’s stock after purchasing an additional 13,160 shares during the period. Principal Financial Group Inc. owned 0.22% of New York Times worth $30,190,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in shares of New York Times during the 1st quarter worth about $442,000. Focus Partners Wealth raised its position in shares of New York Times by 52.2% during the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock worth $577,000 after acquiring an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in New York Times during the second quarter worth approximately $306,000. Finally, Cerity Partners LLC boosted its holdings in New York Times by 70.2% in the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock valued at $3,103,000 after purchasing an additional 22,853 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NYT. Morgan Stanley set a $90.00 price target on shares of New York Times in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Bank of America dropped their target price on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 price target on shares of New York Times in a research note on Thursday, May 7th. Finally, Guggenheim boosted their price target on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.22.

Insider Activity at New York Times

In other New York Times news, EVP Jacqueline M. Welch sold 4,000 shares of New York Times stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total value of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares in the company, valued at approximately $1,769,944.22. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the sale, the director directly owned 28,469 shares of the company’s stock, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,121 shares of company stock worth $1,310,920 in the last 90 days. 1.90% of the stock is owned by insiders.

Trending Headlines about New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: The New York Times was cited by Reuters in a major report that Meta is in talks for a potential $10 billion Anthropic compute deal, highlighting the publication’s continued influence on market-moving business coverage. Meta in talks for $10 billion Anthropic compute deal, NYT reports
• Positive Sentiment: The company filed motions to block Trump administration subpoenas to reporters, underscoring its willingness to defend journalists and the independence of its newsroom, which can support the brand with readers and subscribers. New York Times seeks to block subpoenas to reporters over Air Force One reporting
• Neutral Sentiment: The Times published a steady slate of major national, international, science, and culture stories over the past day, but most appear to be standard content flow rather than a clear new revenue catalyst.

New York Times Stock Down 0.0%

NYSE:NYT opened at $75.90 on Monday. The company has a market capitalization of $12.29 billion, a PE ratio of 32.58, a P/E/G ratio of 1.57 and a beta of 0.96. The New York Times Company has a 52-week low of $51.03 and a 52-week high of $87.10. The stock’s 50 day moving average price is $74.19 and its 200 day moving average price is $75.98.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The company had revenue of $712.24 million during the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th will be given a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 annualized dividend and a yield of 1.2%. New York Times’s dividend payout ratio is 39.48%.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.